Board Meeting and Key Approvals

The Board of Directors meeting was held on November 05, 2026, commencing at 4:30 PM and concluding at 5:00 PM.

The Board approved the following matters:

1. The Un-Audited Financial Results of the Company for the Quarter and Half year ended 30th September, 2026.

2. Based on the recommendation of the Nomination and Remuneration Committee, the appointment of Mr. Neeraj Dixit (DIN: 10170556) as an Additional Director in the capacity of non-executive independent Director for a term of five consecutive years, commencing from November 5, 2026. This appointment is subject to the approval of the members of the company.

Financial Performance (in ₹ Thousands)

Income Statement Highlights for Half-Year ended 30.09.2026 (Unaudited):

  • Net sales / Revenue from operations: ₹0
  • Other Income: ₹900
  • Total Income: ₹900
  • Total Expenditure: ₹1,994
  • Profit/Loss before tax: ₹(944) [Loss]
  • Tax Expense: ₹0
  • Net Profit/(Loss) after tax: ₹(944) [Loss]
  • Earnings per Share (EPS): ₹(0.31) [Basic and diluted, not annualized]

Income Statement Highlights for Quarter ended 30.09.2026 (Unaudited):

  • Net sales / Revenue from operations: ₹0
  • Other Income: ₹650
  • Total Income: ₹650
  • Total Expenditure: ₹1,223
  • Profit/Loss before tax: ₹(323) [Loss]
  • Tax Expense: ₹0
  • Net Profit/(Loss) after tax: ₹(323) [Loss]
  • Earnings per Share (EPS): ₹(0.11) [Basic and diluted, not annualized]

Balance Sheet Position as at 30.09.2026 (Unaudited) (in ₹ Thousands):

  • Total Assets: ₹46,875
  • Non-current assets: ₹8,681 (Property, plant and equipment: ₹5,220; Loans: ₹3,333; Deferred Tax Asset: ₹129)
  • Current assets: ₹38,194 (Inventories: ₹15,388; Trade Receivables: ₹1,266; Other Current Assets: ₹21,540)
  • Total Equity and Liabilities: ₹46,875
  • Shareholders' Funds: ₹46,674 (Equity Share Capital: ₹30,000; Other Equity: ₹16,674)
  • Current Liabilities: ₹201

Cash Flow for Half-Year ended 30.09.2026 (Unaudited) (in ₹ Thousands):

  • Net Cash flow from Operating Activities: ₹(258)
  • Net Cash flow from Investing Activities: ₹0
  • Net decrease in cash and cash equivalents: ₹(258)
  • Cash and cash equivalents at the beginning of the period: ₹1,524
  • Cash and cash equivalents at the end of the period: ₹1,266

Director Appointment Details

  • Name: Mr. Neeraj Dixit
  • DIN: 10170556
  • Role: Non-Executive Independent Director
  • Term: Five years, effective November 5, 2026 (subject to shareholder approval)
  • Profile: A seasoned professional with nearly a decade of experience in Insolvency & Bankruptcy, distressed asset management, and corporate secretarial compliances. He is a Company Secretary.
  • The company confirmed that Mr. Dixit is not debarred from holding the office of Director by virtue of any SEBI or other authority order.
  • He is not related to any other directors of the Company.

Other Disclosures

  • The company is operating in only one segment.
  • Investor complaints received: Nil; disposed: Nil; pending from previous period: Nil.
  • A related party transaction was disclosed: Return of amount by Managing Director T Ashok Raj - Advance Given for Expenses - Rs. 4,18,000.
  • The figures for previous periods have been regrouped/reclassified wherever necessary.